"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
—Andrew Jackson, letter, April 26, 1824

Tuesday, August 15, 2017

No NK - No fear. Move along and ignore the civil war they are trying to start. It's all a bunch of BS. 80% of us are sane and sober (most of the time). 'they' want the war, not us. On to the lie - SPX 30m - Not surprised they are gonna pop it back thru 66 resistance this morning. 77 is the next R area. Not sure if to follow blue or burgundy channel but parts of both should be in play. I personally hate price at these levels, but as we have learned you can't go against the total control system. Sadly we will all - as in most everyone - see THE moment to exit. The rush for the gates is going to be tremendous when it happens.

Thursday, August 10, 2017

I guess all the crowing about war has the market spooked a bit. Don't fall for it. Pay attention to what they are trying to do. Remember, they need cover for the coming market failure. The age old STB question - Which comes first - the crash or the war? On to the lie -

SPX 30m - What happened to the carrot? I'm somewhat dumbfounded that they allowed such a target to be missed. Sub 55 it gets interesting. 40, 32, 20, 07 and 00 are the support points.

SPX 2hr - Big time support is going to crack this morning. 61 and 47 ma's are big time here.

Tuesday, August 8, 2017

Are they out of gas? Did they make it to the top of the mountain and need to coast over the top on fumes? The Market Has Never Done This BeforeOn to the lie - SPX 2hr - One would think that sooner than later, on a traditional - non rigged - non total control - historical technical basis, something would be about to crack at least if not break to a degree.

Monday, August 7, 2017

Nothing much to say up here. Pretty much SSDD as they continue to attack democracy and try and destroy this country. Carry on. On to the lie -SPX 30m - gonna stick with what's been working. Multiple channel scenarios inside one large channel incorporating a rising wedge breakdown while chasing ATH's fending off building negative divergences with two possible HnS scenarios (targeting the same price near 2442 support). As usual, beware the bear crushing RS ramp job. Possible small ascending triangle building under 76 resistance.

These days, where we've sunk to, and then a few more levels below that - makes you wanna throw up. Rabbit hole? Ha! more like a worm hole on steroids we're so fare gone. Reality - for those not in touch with it, I suggest you get there soon. On to the lie - SPX 30m - 76 resistance, what's the RS gonna do? Break down (traditional/historical) or take off (new fangled BS).

Thursday, August 3, 2017

BOE, China, Russia, bubbles and a plethora of other items - What could go wrong? On to the lie - SPX 5m - 46 resistance area again. They thwarted the RS breakdown at the neckline, so now do we get the RS ramp job? Not sure but being under the round number carrot I'd think they'd at least want to keep it in the neighborhood. They are gonna hold it as high as they can before it all goes to crap.

Wednesday, August 2, 2017

If I had to guess, I'd say it should be a long drawn out grind to get to 22k DOW and 2500 SPX. Why waste such a good carrot? Keep it out in front of the horse as long as possible. On to the lie -

SPX 30m - 46 critical level - as noted yesterday possible HnS in RS now - big question is .... Do we get the bear HnS or newtard bull HnS? Beware the perfect bear setup (as is right now) cause the RS breakout is the norm these days. Just when the porridge gets juuuuust right .....

GDP - not sure why after all these years of terrifically overstated hyped BS numbers why anyone would even give a darn about the GDP announcement this morning. If I had to guess I'd say cut whatever number they generate in half and that will be closer to reality. On to the lie -

SPX 5m - Blue rising wedge breaks down to wedge target line closing the island and lower gaps. This little wedge is at the top of the larger wedge below.

Wednesday, July 26, 2017

Well, let's find out if our justice department still has its balls - Wasserman-Schultz IT Aide Arrested While Attempting To Flee Country, Charged With Bank Fraud - I've shared the George Webb videos for months now with y'all. This is the shit. This is the arrest of a major big time player in the HRC/DNC/USA scam of the century. He's out on bail. I lay heavy odds he gets the Seth Rich treatment before he gets a chance to testify. If he gets off, and the swamp is not exposed - all faith in this country will be lost.

I shared this yesterday On to the lie - SPX 30m - OK, let me summarize this - It started as a burgundy rising wedge - then as the wedge was ending a burgundy channel formed in the top of the wedge - then the wedge broke down to the wedge target line forming a larger burgundy channel. Now price has moved back up into the lower half of the first smaller channel and is facing resistance at that channel's 50% diagonal (or top 1/4 of the larger channel). 30m 50ma is near term critical support.

SPX Daily - As noted, if price rose quickly enough the negative divergences would worsen. Now, we all know this means little in the new era of Total Control, but the are still very strong negative technical signals building and in place. 50 dma is key support. Nothing happens without a major news event. IMO they are building as much cushion as possible before the big one. Never forget the possibility of QE4.

SPX 30m - Rising channel still working. The IHnS call to 66 should hit target after the open this morning. 40 backtest should be in the cards, and I'd look for internals to disagree with any rise this morning and begin to signal some sort of exhaustion soon.

Thursday, July 13, 2017

Not sure why the comment section is not coming up early this morning. Maybe Disquss down now - not sure.

Did Granny go for the QE4 knockout? It exists and is real. Total Control deep state shit is no BS. The world has changed - and not for the better. Nothing truly bad happens to this market till the STB event.On to the lie - SPX Daily - You can clearly see how important the 50 dma is for support. If price reaches 2453 soon the negative divergences worsen even more with upper resistance in place. The IHnS possibility still exists with 66 target.

Wednesday, July 12, 2017

Waiting game - when not if, pretty much just waiting on "the" mistake or the STB event to trigger the collapse. Could be this week or could be years, same story different day rolls along as it has for several years with Team Total Control at the helm.

On to the lie -

SPX 30m - IHnS targeting 66 still a possibility as price hangs in the middle of the broad consolidation area. Collapse to as low as 2120 is as well. Burgundy channel up with a blue falling wedge working from top to bottom of the channel. Price is currently an island (actually several islands). Price may breakout this morning above blue resistance - if not it could possibly consolidate to 2420 into early next week.

Wednesday, June 28, 2017

SPX 30m - Futures looking to get it back into the 28 - 39 safe zone. That crack was not good. Couple options here - they like to break rising wedge support only to set a new lower support diagonal thus extending the life and length of the wedge OR this is a march up to a backtest of busted support and some sort of failure is coming. 04 and 66 are the big numbers. Chances of hitting air pockets are great if the right news can get flowing. Never forget who is in control.

Tuesday, June 27, 2017

SPX 30m - Rising wedge with a channel component here nearing the end of the formation. STB has prettu much all month been on the 28 - 39 consolidation call, which has been right for the most part. This should come to and end soon. Gonna take an event to make any significant break south. Total Control is more real now than ever.

Thursday, June 15, 2017

SPX 60m - Pretty good chart right now with all the big numbers and formations. Looks like the bears may finally get a foot in the door, but how long they can keep it open is another question. 28, 17, 04 (with 38% retracement) are support numbers for starters. 39 is resistance and 28 should become resistance. 2404 to 2386 they fully deploy all chutes IMO. If not there 2366 then 2336. (14, 90 and 65 are the big daily MA's to watch for as S).

The things that ATH's are made of - "Worst Since Lehman" - The State Of The US Consumer In One Dismal Chart and Credit Card Defaults Surge Most Since Financial Crisis Solid as a rock is the foundation for this ATH and run off the 667 low - NOT!On to the lie - SPX 5m - The range I wanted price to settle in is working out pretty good so far. Possible HnS setup here with pop this morning to have a chance to set RS top. Just a chance and remember that RS has been more of a launching pad than a bearish breakdown point. I think they'd be pleased to simply consolidate above 2428 for a while. IMO there is a lot of selling pressure the PTB are fighting.For any sort of meaningful correction something newsworthy has to drive it. Till then shorting is a dangerous game.

Thursday, June 8, 2017

Things are more strange now than ever. I guess you could call it business as usual on steroids. The PTB are doing everything they can to keep the veil up and the rot hidden. Global tensions continue to rise and worsen. Me and many others have been looking at a market that's begging for a large 10 - 15% correction. Sadly the markets are not capable of correcting in a natural manner anymore (Total Control), so this will take an "event" of some sort to trigger this. No one knows when this will happen, but the higher they take price the worse the fall will be. 2120 to 2180 would be my target area for this correction if it were to occur. That number would match blue channel support in the chart below later this summer if that's what they would be targeting for support for a major correction. Before we get there there is a chance a first correction would drop to 2366 and then one last bull trap before the big fall. On to the lie -

Tuesday, June 6, 2017

We keep edging closer to catastrophe. Team Total control has the lipstick and veil firmly in place right now. Father time and price will one day assert their eternal prominence, but till then it is what it is. One sneeze and a 10 - 15% correction would be a rather simple move. On to the lie -

SPX 30m - Best I got right now for a short term chart. Overthrowing rising wedge completion with neg divs complementing the over exaggerated price move up. 26, 17 and 04 are the support numbers. They should be willing to lay a few lives on the line to keep 04.

Wednesday, May 24, 2017

FOMC day so should be quiet until the fireworks start. Note there is a good chance they will be only duds and the show will suck. As for price - One of two things is set to happen - A) either they are about to go for an unprecedented overthrow and breakout over 2400 or B) as the technicals are aligned across all time frames a 5- 12% correction is coming. 2180 to 2120 should be the floor if the PPT can stop it.

Either 'they' ramp it or something is about to happen to cause a significant decline as a technical Cat5 hurricane is sitting just off shore. On to the lie -

SPX Daily - Any pop here only makes the negative divergences even worse. More to come below.Have a good day.GL and GB!

My internet is back up! I'll get some charts updated later today. On to the lie - Simple as this - what does the Total Control Team want - nothing more, nothing less. Eventually TA will win. Eventually could be a long or short time unfortunately. A sizeable correction (virtually impossible) would be the healthiest thing for both sides here. Who needs 'health' when it's rigged? SPX Daily -

About Shanky

I am a former financial professional that blogs for fun. I enjoy sharing my thoughts with others on my blogs. I hold nothing back and apologize for the foul language in advance, but dire situations require accurate descriptions. Please feel free to contact me with your thoughts or tips at the email address provided. Enjoy!

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